Disruption has been the talk of the town recently. With frequently thrown around words like ‘startup’ and ‘funding’, disruption too has become a part of the entrepreneurial vernacular.
Disruption has been throwing around itself across various sectors and levels, making one re-imagine everything that is going around him. One sector that hasn’t been much in touch with it is Education. Waiting to be knocked by a disruptive opportunity, this sector has been longing for an innovative approach.
Need of the Hour
The question that always is resonating within is, why are our institutions and universities imparting knowledge to the old avatar that does not exist anymore? Isn’t our youth becoming smarter learner?
With the largest college-age population in the world — close to an overwhelming 125 million, it is astonishing that less than one in five of them is going ahead with post-secondary education as opposed to 90% in the US. Will India be able to achieve its GDP growth targets at this rate? No. Will we need to double our participation rates in higher education in the next five-ten years? Yes.
So can this massive gap be filled with offline, brick-and-mortar college and university models? Again, the answer is obvious. Look at the challenges.
Firstly, it takes four-eight years to set up one campus/university and at its peak it could cater to 5,000 -10,000 students.